Toyota Motor's global output increased 11.9 percent on-year to 773,135 vehicles in July, but the growth pace was well below the 41.2 percent gain in June due to the pandemic and a global semiconductor shortage.
While the output growth was for the 11th straight month, the carmaker is expecting a production cut of 40 percent or some 360,000 units in September due to pandemic-caused difficulties in securing components in Southeast Asia, where many suppliers are based.
In Japan, Toyota manufactured 309,138 units, up 21.8 percent.
Toyota's overseas production surged 6.1 percent to 463,997 vehicles, with those from China and other Asian countries increasing 9.1 percent.
In North America, Toyota's production dipped 2.4 percent.
With an increased demand for vehicles in key overseas markets, including North America, Toyota increased sales for the 11th straight month 858,569 vehicles, which is the largest figure for July.


Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets
Meta’s AI Shopping Push Grows as Agentic Commerce Remains Below 1%
Ex-Google DeepMind Researcher Warns AI Could Pose Existential Threat
SpaceX Nasdaq 100 Weight Set to More Than Double
Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise
Central Banks Could Buy 20,000 Tonnes of Gold: BofA
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build
UK Economy Grows 0.4% in July, Beating Forecasts
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment
SoftBank Shares Plunge 11% After OpenAI Rules Out 2026 IPO
Hormuz Vessel Traffic Drops to Single Digits
Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision
China Industrial Output Beats Forecasts as Exports Support Growth
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 



